Diana Shipping Inc (NYSE: DSX) has recently experienced meaningful negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Recent extremely meaningful negative changes in investment behavior have impacted Diana Shipping Inc (NYSE: DSX): the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, DSX is expected to continue to be an important Value Builder.
Diana Shipping has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Diana Shipping has a good Appreciation Score of 72 but a neutral Power Rating of 49, with the High Neutral Value Trend Rating the result.
Recent Price Action
On 5/29/24, Diana Shipping Inc (NYSE: DSX) stock declined slightly by -1.0%, closing at $3.01. Moreover, exceptionally high trading volume at 202% of normal accompanied the decline. The stock has declined -5.6% during the last week and has been weak relative to the market over the last nine months.
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